4:32 PM · 16 November 2020

Palo Alto Networks stock rose 5% on upbeat guidance

Palo Alto Networks (PANW.US) – stock jumped almost 5% after the company posted better than expected quarterly figures. The cybersecurity company reported quarterly earnings of $1.62 per share, compared to analysts' expectations of $1.33 a share. Revenue also beat market forecasts.  "We delivered another consecutive strong quarter of solid results, with first quarter billings of 21% year-over-year growth; both our firewall transformation and our Next-Generation Security services continue to make great progress, giving us confidence to raise previously issued guidance for the year," said CEO Nikesh Arora. In the next quarter company expected revenue in the region of $975-990M compared to market estimates of $971.20M, billings of $1.17-1.19B, and EPS of $1.42-1.44 well above analysts' expectations of $1.35.
Palo Alto Networks (PANW.US) stock is testing the resistance at $274.57 where the all-time high is located. However a bearish divergence appeared on the MACD histogram, which might indicate that the upward momentum is fading away. Should sellers regain control then nearest support lies at $251.67 level. Source: xStation5
19 June 2026, 2:30 PM

US Closed: Postponed negotiations weigh on futures

19 June 2026, 1:47 PM

Will Massive AI Investments Bring Dark Clouds Over Wall Street?

19 June 2026, 1:14 PM

Market wrap: Limited volatility and a strong dollar

18 June 2026, 6:55 PM

Daily Summary: Dollar at 1-year high, stocks rebound on renewed risk appetite 🚀 (18.06.2026)

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits